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Articles of incorporation represent a corporate charter—that is, a contract between the corporation and the state. Filing these articles, or “chartering,” is accomplished at the state level. The secretary of state's final approval gives these articles legal effect.

Chartered company: A chartered company's nature and powers of business are specified by the charter which establishes it. Royal Chartered Company is another name of the chartered companies. Bank of England, East India Company, British Broadcasting Corporation (BBC), etc. are some examples of chartered companies.

In 1215, the earliest famous example of a charter was the Magna Carta, which established the rights of the people of England. Colonial charters occurred in the 16th and 17th centuries and established the Thirteen Colonies of America. Today, most corporations need to be granted a charter to be legally recognized.

A corporate charter—also known by the term articles of incorporation—is a legal document that the founders of a corporation file with the secretary or registrar of the state in which they intend to operate. Only upon approval of the charter does the business become an officially recognized corporate entity.

While detailed requirements vary from state to state, a corporate charter usually includes the following: Corporation name and address. Purpose of the corporation. For-profit or nonprofit status. Registered agent name and address. Number of authorized shares. Share classes and their par values. Corporate directors.

A corporate charter is a flexible document that an incorporator is required to prepare and file with the Secretary of State in the state of incorporation.

The six main parts of a project charter are an overview, an outline of the project's scope, an approximate schedule, a list of anticipated risks, an estimated budget, and a list of key stakeholders. Overview: Outline what the project entails and what it should accomplish.

1. It defines the goals, objectives, and basic purpose of the work (all of which will ultimately feed into your project plan). 2. It creates a shared understanding of the project's goals, objectives, and resourcing requirements, before you start scoping these out further and in more depth.

In contrast, with a corporate charter in place, the organization can enjoy the advantages that come with being a corporation . In addition to the limited liability of the shareholders, these include tax deductions on expenses, access to capital by selling stock and the flexible transfer of ownership.

While detailed requirements vary from state to state, a corporate charter usually includes the following: Corporation name and address. Purpose of the corporation. For-profit or nonprofit status. Registered agent name and address. Number of authorized shares. Share classes and their par values. Corporate directors.

What should a project charter include? Project goal. This documents the reasons for undertaking the project in clear, concise language. ... Project participants. ... Stakeholders. ... Requirements. ... Constraints. ... Implementation milestones. ... Communication. ... Deliverables.

A chartered company is an association with investors or shareholders that is incorporated and granted rights (often exclusive rights) by royal charter (or similar instrument of government) for the purpose of trade, exploration, and/or colonization.

What goes into a Project Charter? Project background. Include a few paragraphs about what the project is for and what problem it is trying to solve. ... Project objectives. Include a list of the project objectives. ... Benefits. ... Stakeholders. ... Initial risks and issues. ... Initial budget. ... Initial timeline.

The word "company" is synonymous with the word "firm." Some of the most successful corporations in the United States include Amazon, Apple, McDonald's, Microsoft, and Walmart.

A project charter should only include three elements: your project objectives, scope, and responsibilities. Once your charter has been approved, you should then create a project plan.